WORK BEGINS SOON FOR $300 MILLION SPEC OFFICE BUILDING

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ROSSLYN, VA. — Monday Properties will break ground next month for a $300 million speculative office building in the Washington, D.C., suburb of Rosslyn. The tower will contain 580,000 square feet and rise 35 stories — making it the tallest office tower in the Metro D.C. area.

The project will be built at 1812 North Moore St. It is being constructed with sustainability in mind, and the finished building will save an estimated 24.5 percent in energy usage and 40 percent in water usage compared to a traditional building. Monday Properties is also enacting a construction waste diversion program, and the tower is being built with high-efficiency management and HVAC systems. It will be constructed in anticipating of receiving Platinum-level certification under the LEED – Core & Shell designation and Gold-level certification under the LEED – Neighborhood Development program. Monday Properties states that if the project receives LEED-Platinum certification, it will be the first office tower in Virginia to receive it.

Doug Carter of DCS, Ltd. is designing the tower. Completion is anticipated for fall 2013. In a statement, Monday President and CEO Anthony Westreich said, “We completed our entitlement of 1812 North Moore Street with Arlington County nearly three years ago. Since then, we have negotiated exceptional construction contracts and put in place an all-star project team. Thanks to that careful preparation, our 1812 project will be the best commercial building in the region at a much better value than other trophy locations in the District.”

Monday Properties is the largest commercial landlord in the Rosslyn submarket opposite Georgetown. It currently holds development rights for more than 2.5 million square feet of future space.

— Coleman Wood

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